# CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade

- URL: https://talkfuse.com/story/cftc-chair-selig-tells-cnbc-crypto-industry-is-embracing-agency-rules-as-legislation-hopes-fade/
- Published: 2026-11-13T20:07:30+00:00
- Updated: 2026-11-13T21:55:34+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/13/cftc-chair-selig-crypto-industry-opting-into-agencys-crypto-rules-.html
- Topics: Business, Crypto

## Key points

- Crypto firms are embracing the CFTC’s rules.
- Selig expects to answer congressional scrutiny.
- The agency is fighting states over prediction markets.

## Summary

CFTC Chair Mike Selig says crypto firms are adopting the agency’s rules, as hopes for new legislation fade. His approach could give businesses clearer federal guidance, but the rules may face greater congressional scrutiny after the 2026 midterm elections.

Selig said he hopes the US avoids software developers moving offshore and wants bipartisan safeguards for developers acting lawfully, while holding fraudsters accountable. He said he would answer Congress’s questions. Democrats have also criticised the CFTC’s support for prediction markets: 23 senators urged Selig in February to reverse course, while the agency has sued states seeking to regulate the markets and says it may take the dispute to the Supreme Court.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.